Summary by Moomoo AI
Canaan Inc., a leading blockchain and artificial intelligence technology company, has filed its interim financial statements for the period ending June 30, 2024, with the United States Securities and Exchange Commission (SEC). The report, submitted in the form of a 6-K, includes unaudited consolidated financial statements detailing the company's financial position, comprehensive loss, and cash flows. Canaan's total assets increased from $493.3 million as of December 31, 2023, to $525.5 million as of June 30, 2024. However, the company reported a net loss of $81.3 million for the six months ended June 30, 2024, compared to a net loss of $195 million for the same period in the previous year. The company also experienced a comprehensive loss of $90.3 million for the six months ended June 30, 2024. The report includes detailed notes on the company's accounting policies, risks, and contingencies. Canaan's Chairman and CEO, Nangeng Zhang, signed off on the report, which will be incorporated by reference into the company's registration statement on Form F-3.
